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SIMO - Silicon Motion Technology Corp.

post #1 of 56
7/6/08 at 2:00am
Thread Starter 
chart.ashx?t=simo&ta=1&p=d&s=l

Silicon Motion Technology Corporation, a fabless semiconductor company, together with its subsidiaries, designs, develops, markets, and supplies semiconductor solutions for the multimedia consumer electronics market. The company offers mobile storage line of products, which include microcontrollers used in NAND flash memory storage products, such as flash memory cards, USB flash drives, SSDs, embedded flash applications, and card readers. It also provides mobile communications line of products that comprise mobile TV tuners, CDMA radio frequency integrated circuits (RF ICs), and electronic toll collection RF ICs; and multimedia SoC products that support portable multimedia players, DAB systems, PC cameras, and embedded graphics applications. The company sells its semiconductor solutions to original equipment manufacturers and original design manufacturers. It sells products through its direct sales force and distributors in Canada, China, Europe, Japan, Korea, Singapore, Taiwan, and the United States. Silicon Motion Technology Corporation was founded in 2005 and is headquartered in Jhubei City, Taiwan.

Silicon Motion Technology Corp.
8th Floor 1 No 36 Taiyuan Street
Hsinchu County
Jhubei City, 302
Taiwan - Map
Phone: 886 3 552 6888
Fax: 886 3 552 6988
Web Site: http://www.siliconmotion.com
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post #2 of 56
2/9/09 at 4:36pm
Long 4500 shares at 2.51, I think tech bounces soon.

g
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post #3 of 56
2/10/09 at 2:31am
IMO tech bounces based on the action in AAPL, OVTI, SNDK and other techs over the past week... SIMO I believe will hit 10$ in 1 year, and has been basing at the mid 2's for a few months. What we have in the stock is the classic non-selloff on earnings, which usually portends a rally...

g
p.s. this is not a 1-2 day play, more like a 2-3 week play, so don't be surprised if nothing happens for a while.
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post #4 of 56
2/11/09 at 3:03pm
Sold my SIMO at 2.46..., loss of like 250$

dammit.

g
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post #5 of 56
3/12/09 at 7:43pm
Been keeping my eye on this. Saw it drop to a low of 2.00 about a week ago and is back up in the 2.70 range.
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post #6 of 56
3/26/09 at 2:04pm
The stock is +0.20 to $3.48 today I just purchased some for long term hold.
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post #7 of 56
4/15/09 at 7:03pm
Got a tip on this from a buddy working at Metlife.

What do the stalwarts think?
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post #8 of 56
5/11/09 at 8:52pm
Where the h@%# is my earnings?

dammit!

g
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post #9 of 56
5/11/09 at 10:47pm
man that 1 year chart and 3 month charts look purdy (from a cup and handle perspective)...

but it all depends on guidance tomorrow of course...

long 9.5K at 3.55

g
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post #10 of 56
8/5/09 at 1:58am
Thinking about getting in on this one tomorrow morning. It's at a nice entry point right now.
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post #11 of 56
8/5/09 at 2:11pm
Just got in at 3.35
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post #12 of 56
9/22/09 at 2:17pm
Liking SIMO as both a fundamental and tech buy at this point, 4.02

last time it ran up it came back down, but I believe one day it will take off and keep going...

dyodd

g
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post #13 of 56
9/23/09 at 1:27pm
This one runs today, imo...

g
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post #14 of 56
9/23/09 at 4:51pm
Quote:
Originally Posted by gambler2076 View Post
This one runs today, imo...

g
Looks good. Can't decide if I want to get in before the break or wait for confirmation.
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post #15 of 56
9/23/09 at 5:04pm
Well I decided to wait on this one for another day but before I could cancel my order got filled so I'm in with 500 @ 4.22.
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post #16 of 56
9/23/09 at 5:33pm
Quote:
Originally Posted by dangerroth View Post
Well I decided to wait on this one for another day but before I could cancel my order got filled so I'm in with 500 @ 4.22.
2.15.... What a dumb dumb entry. Oh well, it could still close HOD.
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post #17 of 56
9/23/09 at 6:06pm
This one is a toughie... on the one hand, it has been to the 4$ territory before, but had been rejected...

however, this time, it got there on high volume, and the overall markets are much higher than they were the other times it got rejected at 4. I believe SIMO is massively undervalued from a fundamental perspective, but of course the markets love to remain irrational blah blah blah.

Ideally, I wanted to see it flag and hold the 4$ range for 3-4 days... and then break out to 4.50 as I think that would convince most traders that it had more in it.

The volume is still a bit low, but I guess time will tell.

g
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post #18 of 56
9/23/09 at 7:36pm
Back out at 4.13 for a small loss. I will look for reentry around 3.75.
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post #19 of 56
3/6/10 at 5:05am

Back on the saddle

It seems SIMO has
1) broken out of a ascending triangle on so-so volume
2) closed the gap at the same time
3) took its 50 day rather easily
With about 3 weeks left in the current quarter.
Its higher than the day leading up to the Q4 report
Its higher than the low of the last day of Q4

Coature is 100% out (as of 12/31/09)
Morgan Stanley is >10% in (as of 12/31/09)
Jim Simons has a stake through Renaissance
Citadel has a small stake as well

Nand prices are down (but due to lower demand)

g
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post #20 of 56
3/6/10 at 5:07am
I was wrong about citadel
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